Plan Ledger DOL Form 5500 · updated monthly

Opus Inspection, Inc.401(k)

OPUS INSPECTION 401(K) PLAN · EAST GRANBY, CT · plan year 2024

Reported admin expense ratio · 2024
0.18%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Opus Inspection, Inc. reported $140,089 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,285 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.47% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 226th-largest of 1,106 plans among Connecticut employers on file, and the 248th of 3,341 in other services. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 1,156 to 1,528 since 2022.

Plan summary
Net assets, end of year$80,504,798
Participants with balances1,114
Active participants1,528
Employer contributions$1,963,085
Employee contributions$4,273,518
Employer contribution per active participant$1,285
Average account balance$72,266
Benefits paid to participants$12,591,339
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$80.5M · 1,114 accts · $2.0M emplr
2023$74.8M · 739 accts · $1.3M emplr
2022$51.9M · 642 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$140,089
Total administrative$140,089
The Opus Inspection, Inc. 401(k) match · 2024
Employer contribution per active participant$1,285
Median for plans this size$3,635
2024$1,285 per active participant
2023$1,010 per active participant
2022$991 per active participant

Opus Inspection, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ADP, INC. · Loan processing · Recordkeeping$80,075
SMITH BROTHERS FINANCIAL SERVICES · Recordkeeping · Trustee$60,013

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, SMITH BROTHERS FINANCIAL SERVICES
2023ADP, SMITH BROTHERS FINANCIAL SERVICES

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$140,089 · 0.18%
2023$171,473 · 0.27%
2022$273,067 · 0.47%
Same employer
Similar plansOther Services · Connecticut
Homeserve USA Corp. CT$102.5M · 0.20%
Laz Karp Associates, LLC CT$90.7M · 0.27%
Prosek LLC CT$44.7M · 0.47%
Memry Corporation CT$41.8M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 743258141 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.